(Bloomberg) -- The dollar advanced the most in three
weeks versus the euro as benchmark Treasury yields rose above 5
percent for the first time since August and speculation the
Federal Reserve will hold borrowing costs steady increased.
The extra yield investors earn on 10-year Treasuries over
similar-maturity European debt was the widest in almost two
months. The yen rallied against the euro and erased losses
versus the dollar as the worst three-day decline in U.S. stocks
since February reduced bets against Japan's currency.
Read more at Bloomberg Currencies News
weeks versus the euro as benchmark Treasury yields rose above 5
percent for the first time since August and speculation the
Federal Reserve will hold borrowing costs steady increased.
The extra yield investors earn on 10-year Treasuries over
similar-maturity European debt was the widest in almost two
months. The yen rallied against the euro and erased losses
versus the dollar as the worst three-day decline in U.S. stocks
since February reduced bets against Japan's currency.
Read more at Bloomberg Currencies News
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